Cenit Acquires Claims in the Riviere Dore Area
May 26 2011 - 12:31PM
Marketwired Canada
Cenit Corporation (TSX VENTURE:CNT) (the "Company" or "Cenit") is pleased to
announce that it has entered into an arm's length agreement to acquire 120
claims, totaling 6956 ha, located 85 km southeast of Val d'Or Quebec, subject to
regulatory approval and closing. Cenit will obtain a 100% interest in the
properties by issuing 1,500,000 shares and paying $30,000 to Mundiregina
Resources Inc. The claims are contiguous with or completely enveloped by Cartier
Resources Inc. and Copper One Corp.'s Joint Venture on the Riviere Dore
property.
Anomalous levels of copper and nickel were identified in the largely
underexplored Riviere Dore area by a regional lake and creek sediment survey
released by the Ministere des Ressources Naturelles du Quebec. Initial surface
sampling carried out by Cartier and Copper One has returned significant values
for copper, nickel, gold and platinum group elements.
About Cenit
Cenit Corporation is a Canadian-based exploration company focused on base metal
exploration. The company's primary objective is to explore highly prospective
base metal projects, particularly copper, in order to meet the increasing global
demand.
All technical information in this press release has been reviewed and approved
by Jared Beebe, a Professional Geologist, who is as a Qualified Person under
National Instrument 43-101.
CAUTIONARY STATEMENT: This News Release includes certain "forward-looking
statements". These statements are based on information currently available to
the Company and the Company provides no assurance that actual results will meet
management's expectations. Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be identified by
such terms as "believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are based on
assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results relating to, among
other things, results of exploration, project development, reclamation and
capital costs of the Company's mineral properties, and the Company's financial
condition and prospects, could differ materially from those currently
anticipated in such statements for many reasons such as: changes in general
economic conditions and conditions in the financial markets; changes in demand
and prices for minerals; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This list is not
exhaustive of the factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on the Company's forward-looking statements. The
Company does not undertake to update any forward-looking statement that may be
made from time to time by the Company or on its behalf, except in accordance
with applicable securities laws. Please see our public filings at www.sedar.com
for further information.
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